Milliman&nbspRecon

About Recon

Recon® is an interactive platform allowing you to explore industry and company data as well as access predictive modeling results. It represents a step forward for experience analysis in the insurance industry, putting the data and models in your hands.

Policyholder persistency

We study the reasons variable annuity policyholders drop rather than persist with their contracts. The current study looks at policies with GLWB riders and assesses the impact of GLWB utilization (or not) on behavior.
The current study is presented through Recon with data updated quarterly, and annual written reports.

Our original study looked at all variable annuity policies split by the type of riders purchased (i.e., GMAB, GMIB, GWB, and GMDB-only). Our analysis went beyond typical drivers studied to include past behavior, product features, and macroeconomic conditions.
The study includes in-depth descriptions of our modeling and validation processes. For information on purchasing the 2014 lapse study, click here.

For information on accessing the analysis through Recon, or on purchasing an upcoming report, click here to send us a message.

GLWB utilization

We are studying 3 million policyholders who had purchased a variable annuity with a guaranteed lifetime withdrawal benefit (GLWB) rider, in order to determine when they exercise their GLWB, and how much of their account they withdraw relative to that guaranteed under the rider. This study will be conducted on an ongoing basis, with quarterly data updates and annual reports.